Crombie Real Estate Investment Trust Declares Monthly Dividend of $0.07 (TSE:CRR.UN)

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.0742 per share on Thursday, May 15th. This represents a $0.89 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, April 30th.

Crombie Real Estate Investment Trust Trading Up 0.4 %

CRR.UN opened at C$14.60 on Monday. The stock has a market cap of C$1.58 billion, a PE ratio of -52.14 and a beta of 0.95. The business has a 50 day moving average of C$14.20 and a 200-day moving average of C$14.16. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87.

Analysts Set New Price Targets

Separately, Raymond James raised shares of Crombie Real Estate Investment Trust from an "outperform" rating to a "strong-buy" rating and reduced their target price for the stock from C$17.25 to C$16.75 in a research report on Monday, January 13th.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets.

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